New Jersey § 14a:5-31
Full text of New Jersey New Jersey Statutes § 14a:5-31, with citation guidance and answers to common questions.
§ 14a:5-31.
A corporation may establish, in its bylaws, procedures or conditions under which materials
with respect to shareholder-nominated individuals will be included in a corporation's
proxy solicitation materials, including the form of proxy, for an upcoming election
of directors. Those procedures or conditions may include, but shall not be limited to, the following: (1) A condition requiring a minimum level of beneficial ownership of shares of the
corporation's voting stock by the nominating shareholder or a minimum duration of
ownership of those shares; (2) Conditions limiting nominations of directors who have been previously nominated
to the board; (3) A provision limiting the number of shareholder-nominated directors for each shareholder
meeting at which directors are to be elected; (4) Procedures requiring the nominating shareholder to submit specified information
concerning the shareholder and the shareholder's nominees, including information concerning
ownership by those persons of shares of the corporation's capital stock; (5) A provision limiting nominations to shareholders, or any affiliate of those shareholders,
who have not, and whose nominee has not, within a specified time period, publicly
proposed to acquire shares constituting a specified percentage of the voting power
of the corporation's outstanding voting stock; and (6) A provision requiring that the nominating shareholder undertake to indemnify the
corporation in respect of any loss arising as a result of any false or misleading
information or statement submitted by the nominating shareholder in connection with
a nomination.
Frequently Asked Questions About New Jersey § 14a:5-31
What does New Jersey Statutes § 14a:5-31 cover?
Section 14a:5-31 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 14a:5-31?
A common citation format is "New Jersey Statutes § 14a:5-31" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 14a:5-31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.